Common use of Scheduled Term Loan Payments Clause in Contracts

Scheduled Term Loan Payments. The principal amount of the Term Loans (other than any Incremental Term Loans) shall be repaid in equal quarterly installments of $850,000, as such amount may be reduced from time to time in accordance with Sections 1.7 and 1.8(f) herein, on the last day of each calendar quarter commencing on December 31, 2014. The entire remaining principal balance of the Term Loans (other than any Incremental Term Loans) shall be due and payable in full on July 28, 2020. Scheduled installments for any Incremental Term Loan and the date on which the principal balance thereof will become due and payable shall be as specified in the applicable amendment or joinder agreement.

Scheduled Term Loan Payments. The principal amount of the Term Loans (other than any including, for the avoidance of doubt, the Incremental Term LoansLoans extended as of the First Amendment Effective Date) shall be repaid in equal quarterly installments of $850,000945,000, as such amount may be reduced from time to time in accordance with Sections 1.7 and 1.8(f) herein, on the last day of each calendar quarter commencing on December 31, 2014quarter. The entire remaining principal balance of the Term Loans (other than any Incremental Term Loans) shall be due and payable in full on July 28, 2020. Scheduled installments for any additional Incremental Term Loan Loans and the date on which the principal balance thereof will become due and payable shall be as specified in the applicable amendment or joinder agreement.”